Regulation 104 — Audit Regulations 2020

Audit Regulations 2020regulations-audit

104. Forwarding of audit certificate and separate audit report to Government
The Accountant General (Audit) shall send the audit certificate and the separate audit report which will form part of the audit certificate on the accounts of the corporation to the Secretary to Government of the concerned department with a copy to the Chief Executive Officer of the corporation.
Regulations on Audit and Accounts 2020 57

What This Means

After the audit certificate and the separate audit report are finalised, the Accountant General (Audit) must send them to the Secretary of the concerned government department. A copy is also sent to the CEO of the corporation. These documents together form the official audit opinion on the corporation's accounts.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Key Points

1AG (Audit) forwards finalised certificate and report to the Government Secretary
2A copy is sent to the corporation's CEO
3The separate audit report forms part of the audit certificate
4Government Secretary is the primary recipient — this triggers legislative tabling
5This marks the completion of the financial audit process for the corporation

Practical Example

After finalising the audit of Steel Authority of India Limited (SAIL), the Principal AG (Audit) sends the audit certificate and separate audit report to the Secretary, Ministry of Steel. A copy is simultaneously sent to the Chairman of SAIL. The Ministry then arranges for tabling the report before Parliament under Section 19A of the CAG's Act.

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Frequently Asked Questions

Why is the report sent to the Government Secretary and not directly to the legislature?▼

The Government Secretary is the administrative head responsible for the corporation. The Secretary then causes the report to be laid before the legislature as required under Section 19A of the CAG's Act (see Regulation 105).

Does the CEO receive the report at the same time as the Government?▼

Yes, a copy is sent simultaneously. This ensures the corporation is informed and can prepare for any queries from the governing body or the legislature.

Is this the final step of the audit process?▼

For the financial audit, forwarding is near-final. The remaining steps are tabling before the legislature (Regulation 105) and follow-up on outstanding observations (Regulation 107).

This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.

Regulation 104 — Audit Regulations 2020

Original Rule Text

What This Means

Key Points

Practical Example

Frequently Asked Questions

Related Rules